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Silver prices (XAG/USD) experienced a slight increase on Wednesday, trading at $29.60 per troy ounce, marking a 0.34% rise from $29.50 on Tuesday. This boost reflects a broader trend, with silver prices having surged by 16.22% since the start of the year.
Current Silver Prices:
- Price per troy ounce: $29.60
- Price per gram: $0.95
Gold/Silver Ratio:
The Gold/Silver ratio, which indicates how many troy ounces of silver are equivalent to one troy ounce of gold, stood at 78.81 on Wednesday, slightly down from 78.87 on Tuesday.
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